Cornerstone Wealth Management LLC Cuts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

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Cornerstone Wealth Management LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 53,279 shares of the software giant’s stock after selling 504 shares during the period. Microsoft accounts for about 1.6% of Cornerstone Wealth Management LLC’s portfolio, making the stock its 12th largest position. Cornerstone Wealth Management LLC’s holdings in Microsoft were worth $16,426,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. UBS Asset Management Americas Inc. grew its position in shares of Microsoft by 7.5% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 46,493,373 shares of the software giant’s stock worth $13,107,412,000 after buying an additional 3,258,613 shares during the last quarter. Cedar Brook Financial Partners LLC boosted its stake in Microsoft by 6.0% in the 4th quarter. Cedar Brook Financial Partners LLC now owns 16,414 shares of the software giant’s stock worth $5,520,000 after purchasing an additional 931 shares in the last quarter. Edge Wealth Management LLC boosted its stake in Microsoft by 1.3% in the 4th quarter. Edge Wealth Management LLC now owns 92,948 shares of the software giant’s stock worth $31,260,000 after purchasing an additional 1,175 shares in the last quarter. ACT Wealth Management LLC boosted its stake in Microsoft by 0.8% in the 4th quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock worth $1,378,000 after purchasing an additional 34 shares in the last quarter. Finally, G&S Capital LLC boosted its stake in Microsoft by 15.0% in the 4th quarter. G&S Capital LLC now owns 11,743 shares of the software giant’s stock worth $3,949,000 after purchasing an additional 1,535 shares in the last quarter. Hedge funds and other institutional investors own 69.99% of the company’s stock.

Microsoft Trading Up 1.0 %

NASDAQ:MSFT opened at $256.72 on Friday. Microsoft Co. has a 1 year low of $241.51 and a 1 year high of $349.67. The stock has a market cap of $1.92 trillion, a price-to-earnings ratio of 26.80, a PEG ratio of 2.10 and a beta of 0.93. The business has a fifty day moving average of $260.59 and a 200-day moving average of $285.93. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.95 and a current ratio of 1.99.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The software giant reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.04. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. The business had revenue of $49.36 billion during the quarter, compared to analyst estimates of $49.05 billion. During the same quarter in the prior year, the firm posted $1.95 earnings per share. The company’s revenue was up 18.4% on a year-over-year basis. Equities analysts predict that Microsoft Co. will post 9.27 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 0.97%. The ex-dividend date is Wednesday, August 17th. Microsoft’s payout ratio is 25.89%.

Analyst Ratings Changes

A number of analysts recently commented on MSFT shares. The Goldman Sachs Group set a $365.00 target price on shares of Microsoft in a research note on Wednesday, April 27th. Citigroup lifted their price objective on shares of Microsoft from $355.00 to $364.00 in a research note on Wednesday, April 27th. Fundamental Research decreased their price objective on shares of Microsoft from $299.93 to $298.00 and set a “hold” rating for the company in a research note on Tuesday, May 3rd. Credit Suisse Group set a $400.00 price objective on shares of Microsoft in a research note on Friday, June 3rd. Finally, Wells Fargo & Company decreased their price objective on shares of Microsoft from $425.00 to $400.00 and set an “overweight” rating for the company in a research note on Tuesday, April 19th. One analyst has rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $349.52.

About Microsoft

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

Further Reading

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